Business analytics
Business analytics BA covered to a skills, technologies, and practices for continuous iterative exploration as living as investigation of past business performance to have insight in addition to drive companies planning. group analytics focuses on development new insights and apprehension of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using the consistent style of metrics to both degree past performance and assist business planning. In other words, business intelligence focusses on description, while business analytics focusses on prediction and prescription.
Business analytics enables extensive ownership of analytical modeling and numerical analysis, including explanatory and predictive modeling, and fact-based administration to drive decision making. it is therefore closely related to management science. Analytics may be used as input for human decisions or may drive fully automated decisions. Business intelligence is querying, reporting, online analytical processing OLAP, and "alerts."
In other words, querying, reporting, and OLAP are alert tools that canquestions such as what happened, how many, how often, where the problem is, and what actions are needed. Business analytics canquestions like why is this happening, what whether these trends continue, what will happen next predict, and what is the best outcome that can happen optimize.